PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h +0.158%

Price spread now: Phoenix against Injective−0.410%7-day average +0.156% · you buy dearer than you sell

Net, funding: paid 7d − costs+$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1121.116% of the position

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+1.333%+$133 on $10k

Price spread, last 4 days (all we have)+0.277%+$28 · spread now −0.410%, 7d avg +0.156%

Together, before fees+1.609%+$161 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Phoenix is 0.566% cheaper against Injective than usual: you would sell low and buy high (−$57 if the spread goes back to its 7-day average of +0.156%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.333%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PUMP/USDC PERP	0.004582	0.0344	pay 0.0043% / 1h	52m 23s	$38K	$204K	12x
Short	Phoenix PUMP	0.004563	0.0332	get 0.0042% / 1h	52m 23s	$44K	$146K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee PhoenixbpOrdersPrice spread, now −0.410%Rate

Funding earned: −$2.43
Price spread: −0.410% → +0.156%: −$56.64
Slippage, 4 orders: −$104.63
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$170.73
Costs to cover: 1.116%
Break-even: never at this rate

Slippage from Injective: live order book, 46 min ago; Phoenix: live order book, 30 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective live order book, 46 min ago	20.08 bp	48.8 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 30 min ago	1.98 bp	16.1 bp −$16	50.3 bp −$503	doesn't fit	doesn't fit

PUMP on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PUMP-USD	0.0000%	1h	0.004550	−0.698%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004554	−0.611%	$18K	$270K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004549	−0.725%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004556	−0.567%	$3.0M	$4.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.790%	$31K	$663K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004552	−0.652%	$860K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004554	−0.611%	$522K	$879K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004554	−0.610%	$83.4M	$176.4M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004551	−0.677%	$25.1M	$104.0M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004553	−0.629%	$27K	$163K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004552	−0.655%	$50K	$140K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004551	−0.677%	$4.9M	$9.9M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004554	−0.611%	$24.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004550	−0.698%	$17.8M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004554	−0.611%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004557	−0.546%	$819K	$212K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004550	−0.698%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004553	−0.626%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004552	−0.655%	$162K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004553	−0.633%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004557	−0.546%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004561	−0.454%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004554	−0.611%	$1K	$788K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004555	−0.589%	$256	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004546	−0.786%	$25K	$121K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004557	−0.546%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004555	−0.586%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004555	−0.582%	$3.8M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004553	−0.633%	$68K	$10K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004555	−0.589%	$65K	—	100x	as long as short
Phoenix PUMPshort	+0.0332%	1h	0.004563	−0.410%	$44K	$146K	10x
BloFin PUMP-USDT	+0.0340%	4h	0.004555	−0.589%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004550	−0.703%	$2	—	3x	as long as short
Injective PUMP/USDC PERPlong	+0.0344%	1h	0.004582	long leg	$38K	$204K	12x
Hyperliquid PUMP	+0.0387%	1h	0.004555	−0.589%	$170.3M	$51.1M	10x	as long as short
01 Exchange PUMPUSD	+0.0392%	1h	0.004558	−0.524%	$6K	$600	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0408%	1h	0.004559	−0.502%	$70K	$116K	25x	as long as short
Nado PUMP-PERP	+0.0447%	1h	0.004554	−0.600%	$1.7M	$2.2M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004566	−0.349%	$741K	$6.2M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004557	−0.546%	$532K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0813%	1h	0.004559	−0.512%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1026%	1h	0.004559	−0.496%	$504	$112K	10x	as long as short